Cable Update (GBPUSD)
- #161,042
- Aug 26, 2009 10:36am Aug 26, 2009 10:36am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
No sir, Last September. I have "almost" a year now....
Never even heard of it before then...
Vow!!!...
you've really got to be proud of yourself, my friend!
I am sure you will take over forex in no time.
Nice to know you, my friend!
Hear the music before the song is over ...
- #161,043
- Aug 26, 2009 10:39am Aug 26, 2009 10:39am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
in your opinoin, below 6270 would be good point for long?
But I don't think it's such a good idea. Here's why :
1. http://www.forexfactory.com/showpost...postcount=2626
2. http://www.forexfactory.com/showpost...postcount=2633
But I suppose it's subjective because it depends on how you trade tho really.
Personally, I dare not bet against the larger timeframes now.
Good luck
Thank You 
- #161,044
- Aug 26, 2009 10:42am Aug 26, 2009 10:42am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Vow!!!...
I am imagining how it could have been for me having your skills after only a year....
you've really got to be proud of yourself, my friend!
I am sure you will take over forex in no time.
Nice to know you, my friend!
I've had to take learning this very seriously in my situation so I've put all my sawdust filled brain into the task. I still have a LONG way to go but I really feel I'm making progress especially with all the help from you and the other fine folks here. I'm very proud (and lucky) to know all of you...
BTW, I'm seeing a possible revisit to the 626x area on my 15m for another possible short.
Ghost Rider - WWTBMD?
- #161,045
- Aug 26, 2009 10:44am Aug 26, 2009 10:44am
If price close above 6270, then yes.
But I don't think it's such a good idea. Here's why :
1. http://www.forexfactory.com/showpost...postcount=2626
2. http://www.forexfactory.com/showpost...postcount=2633
But I suppose it's subjective because it depends on how you trade tho really.
Personally, I dare not bet against the larger timeframes now.
Good luck
although, it was not a good month for me, but i realy encourage your efforts, BB, GM, DT and chris.
Have a good day you all.
Happy Trading.
Enter Signature
- #161,047
- Aug 26, 2009 10:47am Aug 26, 2009 10:47am
Thanks GM but honestly, I'm still in the infant stage here. Probably at the point where I know just enough to be dangerous...LOL
I've had to take learning this very seriously in my situation so I've put all my sawdust filled brain into the task. I still have a LONG way to go but I really feel I'm making progress especially with all the help from you and the other fine folks here. I'm very proud (and lucky) to know all of you...
BTW, I'm seeing a possible revisit to the 626x area on my 15m for another possible short.
- #161,048
- Aug 26, 2009 10:48am Aug 26, 2009 10:48am
welp, personally I think anywhere below 6270 is a good re-entry point.
That's the H&S neckline to me & I suppose that's where the strongest resistance for the near term would be.
- #161,049
- Aug 26, 2009 10:53am Aug 26, 2009 10:53am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Thanks GM but honestly, I'm still in the infant stage here. Probably at the point where I know just enough to be dangerous...LOL
I've had to take learning this very seriously in my situation so I've put all my sawdust filled brain into the task. I still have a LONG way to go but I really feel I'm making progress especially with all the help from you and the other fine folks here. I'm very proud (and lucky) to know all of you...
BTW, I'm seeing a possible revisit to the 626x area on my 15m for another possible short.
I really meant it, Chris. Seriously. You're at a very good place, just keep on doing what you're doing and you'll be among the forex elite.
I needed years and years and am still learning....
I was supposed to be off today...am happy I did take the trade though...but I'm gonna chill for the rest of the day now I guess....
Hear the music before the song is over ...
- #161,051
- Aug 26, 2009 10:55am Aug 26, 2009 10:55am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #161,052
- Aug 26, 2009 10:56am Aug 26, 2009 10:56am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
You gotta give me the roadmap of your last year...!
....that would SURLY leave you lost my freind....If I had a nickel for every time I had to make a hard U turn on this journey, I wouldn't need to trade for a living...LOL
Ghost Rider - WWTBMD?
- #161,053
- Aug 26, 2009 11:01am Aug 26, 2009 11:01am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
I really meant it, Chris. Seriously. You're at a very good place, just keep on doing what you're doing and you'll be among the forex elite.
I needed years and years and am still learning....
I was supposed to be off today...am happy I did take the trade though...but I'm gonna chill for the rest of the day now I guess....
I'll still be learning years and years from now as well. I honestly think the learning never ends in this business. Hopefully, it will just get a little easier to learn with more time and experience...
Ghost Rider - WWTBMD?
- #161,055
- Aug 26, 2009 11:13am Aug 26, 2009 11:13am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
+ 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #161,056
- Aug 26, 2009 11:20am Aug 26, 2009 11:20am
Thank you GM. My words aren't enough so....
I'll still be learning years and years from now as well. I honestly think the learning never ends in this business. Hopefully, it will just get a little easier to learn with more time and experience...
Personally I'd like to get to the point where DT says that trading is actually boring. This is when I know I will have cracked it, but I'm far from it at the moment!
- #161,057
- Aug 26, 2009 11:21am Aug 26, 2009 11:21am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #161,058
- Aug 26, 2009 11:22am Aug 26, 2009 11:22am
Thank you GM. My words aren't enough so....
I'll still be learning years and years from now as well. I honestly think the learning never ends in this business. Hopefully, it will just get a little easier to learn with more time and experience...
I agree, we endup with our lives but learning does not, there is also a thrist and we always try to slack it...
Enter Signature
- #161,059
- Aug 26, 2009 11:24am Aug 26, 2009 11:24am
hi fellows i am kind of new here but have sth to share
i observe the short-selling amounts of US equity rising sharply in recent days and it is no longer rising despite the good news (new home sales + durable goods orders), for which it should go up by at least 100 points judging from past weeks.
i expect the equity falls sharply to 8,800 level at least, my target is 8,100 by the end of October.
and for cable, if my prediction works, i seriously think it will fall to 1.53 level suggested by some other fellows here, given that traders still have faith in the US treasuries.
hope to hear your thoughts
i observe the short-selling amounts of US equity rising sharply in recent days and it is no longer rising despite the good news (new home sales + durable goods orders), for which it should go up by at least 100 points judging from past weeks.
i expect the equity falls sharply to 8,800 level at least, my target is 8,100 by the end of October.
and for cable, if my prediction works, i seriously think it will fall to 1.53 level suggested by some other fellows here, given that traders still have faith in the US treasuries.
hope to hear your thoughts
- #161,060
- Aug 26, 2009 11:34am Aug 26, 2009 11:34am
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts